RUSSELSHEIM, Germany – General Motors Europe President and Opel/Vauxhall CEO Karl-Friedrich Stracke today stepped down from his position to take on special assignments reporting to GM Chairman and CEO Dan Akerson. GM Vice Chairman Steve Girsky, currently Chairman of the Opel Supervisory Board, will serve as acting head of GM’s European operations as the company searches for a replacement.
Stracke, 56, was President, GM Europe and Chairman of the Management Board of Adam Opel, in charge of all Opel/Vauxhall operations. He led the effort to put Opel/Vauxhall on a path toward sustained profitability amid a massive European economic downturn.
The Opel Supervisory Board will be convened soon to appoint an interim chairman of the management board.
“Karl Stracke worked tirelessly, under great pressure, to stabilize this business and we look forward to building on his success. We appreciate Karl’s many contributions to GM’s success,” Akerson said.
“I am leaving my current position knowing that Opel/Vauxhall has a bright future,” Stracke said. “And I am looking forward to taking on new challenges for GM and Dan Akerson.”
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM’s brands include Chevrolet and Cadillac, as well as Baojun, Buick, GMC, Holden, Isuzu, Jiefang, Opel, Vauxhall and Wuling. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.